First Industrial Realty Trust (FR) Receives News Sentiment Rating of 0.18
Press coverage about First Industrial Realty Trust (NYSE:FR) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Industrial Realty Trust earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.1563526064524 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s rankings:
- Jefferies Group Analysts Boost Earnings Estimates for First Industrial Realty Trust, Inc. (FR) (americanbankingnews.com)
- First Industrial Realty Trust, Inc. Forecasted to Post FY2017 Earnings of $1.55 Per Share (FR) (americanbankingnews.com)
- Research Analysts Issue Forecasts for First Industrial Realty Trust, Inc.’s FY2018 Earnings (FR) (americanbankingnews.com)
- Jefferies Group Upgrades First Industrial Realty Trust (FR) to Buy (americanbankingnews.com)
- $99.84 Million in Sales Expected for First Industrial Realty Trust, Inc. (FR) This Quarter (americanbankingnews.com)
Several brokerages have commented on FR. Jefferies Group upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating in a research report on Thursday. ValuEngine lowered shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. J P Morgan Chase & Co lowered shares of First Industrial Realty Trust from a “neutral” rating to an “underweight” rating and set a $31.00 target price on the stock. in a research report on Friday, December 15th. SunTrust Banks restated a “buy” rating and set a $34.00 target price on shares of First Industrial Realty Trust in a research report on Friday, November 10th. Finally, Stifel Nicolaus boosted their target price on shares of First Industrial Realty Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.86.
First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.25. The business had revenue of $99.30 million during the quarter, compared to the consensus estimate of $98.38 million. First Industrial Realty Trust had a return on equity of 9.54% and a net margin of 32.44%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 EPS. equities analysts forecast that First Industrial Realty Trust will post 1.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, December 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 78.50%.
In related news, Director Bruce W. Duncan sold 16,854 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $32.42, for a total value of $546,406.68. Following the completion of the transaction, the director now owns 866,966 shares of the company’s stock, valued at approximately $28,107,037.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce W. Duncan sold 16,855 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $31.73, for a total transaction of $534,809.15. Following the transaction, the director now directly owns 883,820 shares of the company’s stock, valued at approximately $28,043,608.60. The disclosure for this sale can be found here. Insiders have sold a total of 50,564 shares of company stock valued at $1,601,193 in the last ninety days. Corporate insiders own 1.71% of the company’s stock.
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About First Industrial Realty Trust
First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. As of December 31, 2016, the Company’s in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.
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